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Court of Appeals may issue a freeze Q: Can AMLC seek cooperation with
order effective immediately and not ASEAN?
exceeding six (6) months. Provided: that
if there is no case filed against a person A: YES
whose account has been frozen within Mutual Assistance among States
the period determined by the court, the
freeze order shall be deemed ipso facto
lifted
AMLC shall be guided by the principles
CA should act on the petition to freeze of mutuality and reciprocity in
within 24 hours of filing. addressing request by foreign states for
assistance in investigation or
Motion to lift freeze order may be filed prosecution of money laundering
and Court must resolve the same before offenses.
freeze order expires.
HELD: Court finds merit in the petition. how critical time is in these proceedings.
As we previously noted in Republic v.
Probable cause exists to support the Eugenio, Jr., "to make such freeze
issuance of a freeze order order anteceded by a judicial
The Ligots’ argument is founded on a proceeding with notice to the account
flawed understanding of probable cause holder would allow for or lead to the
in the context of a civil forfeiture dissipation of such funds even before
proceeding or freeze order application. the order could be issued."
related to money-laundering
activities.